Generation Mining (TSE:GENM) Hits New 12-Month High - Here's What Happened

Key Points

• Generation Mining's stock reached a new 52-week high of C$0.56, with a recent trading price of C$0.54 and a volume of 649,000 shares.
• The company has a market cap of C$142.14 million and is developing the largest undeveloped palladium project in North America, which is expected to produce 245,000 ounces of annual palladium-equivalent over a 13-year mine life.
• Director Jamie Levy purchased 172,500 shares at C$0.32 each, indicating confidence in the company's future by its insiders who own 20.36% of the stock.

Generation Mining Limited (TSE:GENM - )'s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$0.56 and last traded at C$0.54, with a volume of 649000 shares. The stock had previously closed at C$0.50.

Generation Mining Price Performance

The company has a current ratio of 3.05, a quick ratio of 3.61 and a debt-to-equity ratio of -3.94. The business's fifty day moving average is C$0.36 and its 200 day moving average is C$0.29. The company has a market cap of C$142.14 million, a P/E ratio of -5.89 and a beta of 1.15.

Insider Buying and Selling at Generation Mining

In other news, Director Jamie Levy purchased 172,500 shares of the business's stock in a transaction dated Wednesday, July 9th. The stock was bought at an average price of C$0.32 per share, for a total transaction of C$54,337.50. Insiders own 20.36% of the company's stock.

Generation Mining Company Profile

Generation Mining is developing the Marathon Palladium-Copper project in Northwestern Ontario. The Company has completed a feasibility study which estimates 245,000 ounces of annual palladium-equivalent production over a 13-year mine life. Marathon is the largest undeveloped palladium project in North America.

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